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Racal in Talks to Sell Telecom Unit
To Energis for About $1.21 Billion

By

Julia Flynn Staff Reporter of The Wall Street Journal

Updated Sept. 13, 1999 4:41 a.m. ET

LONDON -- Racal Electronics PLC is in advanced discussions to sell its telecom unit to Energis PLC for approximately 750 million pounds ($1.21 billion or 1.17 billion euros) mostly in stock, according to people close to the discussions.

Racal and Energis both issued statements Monday confirming the talks. A final agreement could be reached within...